Mondelez International (NASDAQ:MDLZ) Hits New 52-Week Low – Here’s What Happened

Mondelez International, Inc. (NASDAQ:MDLZ) shares reached a new 52-week low on Friday . The company traded as low as $63.91 and last traded at $64.31, with a volume of 2415630 shares changing hands. The stock had previously closed at $65.56.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Piper Sandler upped their price target on shares of Mondelez International from $74.00 to $84.00 and gave the company an “overweight” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. upped their target price on Mondelez International from $72.00 to $73.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. Evercore ISI upped their price objective on Mondelez International from $79.00 to $85.00 and gave the company an “outperform” rating in a report on Thursday, September 26th. DA Davidson reduced their target price on shares of Mondelez International from $80.00 to $75.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Finally, The Goldman Sachs Group began coverage on shares of Mondelez International in a research report on Monday, August 12th. They set a “buy” rating and a $80.00 price target on the stock. One research analyst has rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $80.31.

Mondelez International Stock Down 1.6 %

The firm’s fifty day moving average is $71.11 and its 200-day moving average is $69.55. The company has a market capitalization of $86.24 billion, a P/E ratio of 22.87, a price-to-earnings-growth ratio of 2.98 and a beta of 0.55. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.42 and a current ratio of 0.63.

Mondelez International (NASDAQ:MDLZ) last posted its earnings results on Tuesday, October 29th. The company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.85 by $0.14. Mondelez International had a net margin of 10.58% and a return on equity of 17.53%. The firm had revenue of $9.20 billion for the quarter, compared to analysts’ expectations of $9.11 billion. During the same quarter in the previous year, the firm posted $0.82 earnings per share. The company’s revenue was up 1.9% on a year-over-year basis. As a group, equities research analysts predict that Mondelez International, Inc. will post 3.48 EPS for the current year.

Hedge Funds Weigh In On Mondelez International

Several large investors have recently bought and sold shares of the company. Mizuho Securities USA LLC increased its stake in shares of Mondelez International by 12,057.4% in the third quarter. Mizuho Securities USA LLC now owns 12,574,000 shares of the company’s stock valued at $926,327,000 after buying an additional 12,470,573 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of Mondelez International by 40.2% during the second quarter. Massachusetts Financial Services Co. MA now owns 16,726,114 shares of the company’s stock valued at $1,094,557,000 after acquiring an additional 4,794,746 shares during the last quarter. Ilex Capital Partners UK LLP acquired a new position in shares of Mondelez International during the third quarter worth $219,045,000. FMR LLC grew its stake in shares of Mondelez International by 14.2% in the third quarter. FMR LLC now owns 18,255,657 shares of the company’s stock worth $1,344,894,000 after purchasing an additional 2,268,639 shares during the last quarter. Finally, Capital Research Global Investors increased its holdings in Mondelez International by 7.3% in the first quarter. Capital Research Global Investors now owns 32,497,024 shares of the company’s stock valued at $2,274,792,000 after purchasing an additional 2,206,023 shares during the period. 78.32% of the stock is currently owned by institutional investors.

About Mondelez International

Mondelez International, Inc, through its subsidiaries, manufactures, markets, and sells snack food and beverage products in the Latin America, North America, Asia, the Middle East, Africa, and Europe. It provides biscuits and baked snacks, including cookies, crackers, salted snacks, snack bars, and cakes and pastries; chocolates; and gums and candies, as well as various cheese and grocery, and powdered beverage products.